Market Report: Stocks Slump, Consumers See Higher Milk Prices

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THE NASDAQ WAS THE ONLY MAJOR INDEX TO FINISH UP AS INVESTORS SOLD ON NEWS OF A POOR HOUSING REPORT THIS WEEK.
THIS IS YOUR WEEKLY MARKET REPORT.
THE DOW CLOSED DOWN JUST POINT-THREE PERCENT ON THIS FOUR-DAY WEEK TO CLOSE AT 16-1-O-3.
THE NASDAQ MOVED UP A HALF A PERCENT TO CLOSE UP FOR THE THIRD STRAIGHT WEEK, ENDING AT 42-63...
AND DROPS IN TELECOM STOCKS HURT THE S&P, WHICH FELL JUST POINT-13 PERCENT THIS WEEK, FINISHING AT 18-36.

YOU MIGHT BE PAYING RECORD PRICES FOR MILK THIS MARCH.
A REPORT FROM THE U-M EXTENSION STATED PRICES ARE EXPECTED TO GO UP AS A RESULT OF FLATLINED PRODUCTION AND INCREASED DEMAND, ESPECAILLY ABROAD
THE USDA'S REPORT THIS WEEK SHOWED NATIONAL PRODUCTION UP JUST ONE PERCENT.
((POP))
FUTURES PRICES FOR MILK ARE UP ABOUT 25 PERCENT FROM THIS TIME LAST YEAR.
((POP))
THE AVERAGE PRICE OF MILK IS 3-DOLLARS AND 60 CENTS,
((POP))
BUT NBC SAYS THAT PRICE WILL JUMP UP ABOUT 60 PERCENT IN MARCH.

NATURAL GAS PRICES WENT UP 1.2 PERCENT THIS WEEK AS INVESTORS PREPARE FOR ANOTHER BATCH OF COLD WEATHER AROUND THE NATION.

IT'S THE SECOND STRAIGHT WEEK OF GAINS FOR THE COMMODITY AND IT WAS JOINED BY
((POP))
A 1.9 PERCENT INCREASE IN BRENT CRUDE.
((POP))
BUT WEST TEXAS INTERMEDIATE CRUDE, WHICH MATTERS MORE TO U-S CONSUMERS FELL POINT-6 PERCENT BECAUSE INVESTORS FELT THE WEATHER WAS PUSHING THE PRICE TOO HIGH.

AND HERE'S A LOOK AHEAD AT YOUR BUSINESS NEWS:
FEDERAL RESERVE CHAIRMAN JANET YELLEN IS SET TO TESTIFY BEFORE THE SENATE BANKING COMMITTEE ON THURSDAY.
SHE WAS ORIGINALLY SUPPOSED TO TESTIFY ON FEBRUARY 12th, BUT A MASSIVE SNOWSTORM IN D-C SHUT DOWN ALL FEDERAL OFFICES.
PLUS, SPEAKING OF THAT SNOW, WE'LL FIND OUT HOW BIG OF AN IMPACT THE STORMS AND BITTER TEMPERATURES HAD ON NEW HOME SALES AND PENDING SALES IN JANUARY.

http://www.reuters.com/article/2014/02/19/us-usa-milk-prices-idUSBREA1I1N820140219
https://www.google.com/finance?q=INDEXDJX:.DJI&ei=l0IKU8C9KtGCsgeVxgE
https://www.google.com/finance?q=INDEXSP:.INX&ei=l0IKU8C9KtGCsgeVxgE
https://www.google.com/finance?q=INDEXNASDAQ:.IXIC&ei=l0IKU8C9KtGCsgeVxgE
http://www.bloomberg.com/news/2014-02-20/asian-futures-mixed-as-u-s-stocks-jump-won-ndfs-climb.html
http://www.bloomberg.com/energy/
https://docs.google.com/spreadsheet/pub?key=0Ah0eIsw4OyXidFloQ0tzZEFiRGhIc18xWHhLSTZwYUE&gid=14
http://politicalticker.blogs.cnn.com/2014/02/22/obama-pushes-for-minimum-wage-increase/
http://www.cnbc.com/id/20910258

 

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